Gold importers retreat after last week's bargains

MTECHTIPS

Gold importers retreat after last week's bargains

Gold importers in India, the world's biggest buyer, are retreating after picking up bargains last week as prices recovered from their lowest level in more than two months due to a falling rupee.
* The most-active gold for December delivery on the Multi Commodity Exchange (MCX) rose 0.18 percent to Rs 31,079 per 10 grams, helped by a weaker rupee and global leads. The contract recovered from the last week's low of Rs 30,827, a level previously seen on August 23.

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